Tex. Fin. Code § 34.107 · Subchapter B. INVESTMENTS
ENGAGING IN COMMERCE PROHIBITED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A state bank may not buy, sell, or otherwise deal in goods in trade or commerce or own or operate a business not part of the business of banking except:
(1) as necessary to avoid or minimize a loss on a loan or investment previously made in good faith; or
(2) as otherwise provided by this subtitle or rules adopted under this subtitle.
(b) Engaging in an approved activity, directly or through a subsidiary, that is a financial activity or incidental or complementary to a financial activity, whether as principal or agent, is not considered to be engaging in commerce.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 528, Sec. 11, eff. Sept. 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.34.htm
- Text hash
- sha256 9d34dd90246517139b7314b34e870e50a64a6944a177ac888ed993bb8100f9e2
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.